Bitcoin Is Heading for a Fifth Straight Losing Week. What Followed the Last Time It Lost Five in a Row?

Bitcoin (CRYPTO:BTC) is on course for its fifth week of losses in a row, marking a Bitcoin losing streak that began in early October. It trades at around $75,662, which is down roughly 3.3% from last week’s close and about 40% below its all-time high of $126,080 recorded on October 6, 2025.

Over the past four weeks, each week closed lower than the one before. Bitcoin started at $86,507 on October 4 and dropped to $78,231 by November 1, culminating in a 2.28% loss that last week. Bitcoin’s last losing streak this long ended on March 1. So, what followed that Bitcoin losing streak, and does the current situation resemble it?

Spot Bitcoin ETFs Pulled $1.28 Billion in a Single Week

Spot Bitcoin ETFs, which are funds that hold Bitcoin and trade on stock exchanges like regular stocks, saw significant outflows totaling $1.28 billion in the week ending November 6. When investors pull out more ETF shares than they purchase, the funds must sell Bitcoin, turning a consistent buyer into a seller.

According to SoSoValue, four out of the five trading days in that week saw money leave the funds, including outflows of $398.6 million on November 2, $430.2 million on November 5, and $411.9 million on November 6. The only day with net inflows was November 4, when the funds took in $74.6 million.

On November 6, Bitcoin closed at $75,775, marking its lowest closing price in the past month amid heavy ETF selling for two consecutive days. This trend of selling started earlier, with the funds reporting a $643.3 million outflow on October 30, the largest one-day exit since at least October 9.

The flow of money and the price movement often affect each other. When prices fall, ETF holders may feel compelled to sell, further driving prices down. Additionally, Bitcoin’s weekly trading volume has increased over the past three weeks leading up to November 8, indicating that sellers are becoming more active as the price continues to drop.

Bitcoin’s Last Two Long Losing Streaks Ended in Opposite Places

Extended losing streaks are uncommon for Bitcoin. Even during the downturn in 2018, when Bitcoin closed as low as $3,217 on December 16, it never experienced more than three consecutive losing weeks. The two most recent streaks lasting five weeks or longer ended in very different situations.

In early 2026, Bitcoin faced six weeks of losses, dropping from $93,634 on January 18 to $65,769 on March 1, with a low of $60,001 reached in the week ending February 8. Four weeks later, on March 29, it closed at $65,957, nearly unchanged. By eight weeks after the streak ended, it rose to $78,674 on April 26, a gain of about 20% from the end of the losing streak.

In contrast, the 2022 streak also lasted six weeks, dropping from $39,678 on April 17, 2022, to $29,446 on May 29. Four weeks later, Bitcoin fell to $21,029 on June 26, then dipped to $19,310 on July 3, and by eight weeks out, it had only slightly rebounded to close at $22,601 on July 24, still significantly lower than where the losing streak concluded.

Neither of these situations marked a lasting recovery. The rebound from the spring 2026 drop eventually faded, leading to Bitcoin’s lowest close in a year at $58,566 on June 30. Additionally, the presence of ETFs changes the comparison to 2022 since U.S. spot Bitcoin ETFs had not yet launched at that time. Now, Bitcoin has a new set of buyers due to these ETFs, but they have also contributed to the current sell-off.

Whales, Moving Averages and 60% Dominance Set This Slide Apart

Bitcoin is currently trading below its 20-day moving average of $79,362 and its 50-day average of $81,889. This means most buyers from the past two months are facing losses. It remains about 3% above its 200-day average of $73,194, a benchmark many traders use to tell a pullback apart from a bear market. Each bounce this week, including a high of $81,131, has struggled to exceed the 50-day average.

Moreover, large traders have shifted their stance regarding Bitcoin. On-chain analytics firm Glassnode noted that major traders on Hyperliquid began to take net short positions on October 27, after holding long positions for seven months, and have continued to add to those shorts. A short position profits when prices fall, indicating that they expect further declines.

Bitcoin’s dominance, its share of the overall cryptocurrency market, remains at 60%. Ethereum (CRYPTO:ETH) decreased by 1.6% over the past week, less than Bitcoin, while Solana (CRYPTO:SOL) saw a decline of 6.1%. Over the past month, though, Bitcoin’s 8.31% loss is still smaller than Ethereum’s 10.19% and Solana’s 18.16%.

Bitcoin’s deeper trading market and a larger base of ETF investors imply that when market players reduce their exposure to cryptocurrency, they typically sell the smaller and more volatile coins first. Ethereum’s relative strength this past week may appear to be a pause in that trend, but it too remains down more than Bitcoin over the month.

Will Bitcoin End Its Losing Streak?

A quick recovery from this downturn appears unlikely. In previous long losing streaks, it took at least a month to find a floor, and so far, there has been no sign of returning buyers in the market. To avoid a fifth consecutive loss, Bitcoin will need a significant shift in buying sentiment.

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